来源：新浪证券-红岸工作室 11月19日，津荣天宇跌3.42%，成交额1.44亿元，换手率5.65%，总市值33.31亿元。 异动分析 一带一路+风电+专精特新+新能源汽车+储能 1、公司把握当前"一带一路"倡议的发展机遇，确保海外工厂扎根当地客户核心供应链，泰国津荣实现 有效运营和盈利，印度津荣加速落地，拓展东南亚及印度市场。 5、2024年11月25日互动易：公司所处电气、汽车精密金属制造行业以及新能源储能行业，产品广泛应 用于能源管理及输配电、工业自动化及智能制造、风光及分布式能源、云计算数据中心、轨道交通、节 能汽车及新能源汽车以及储能等领域。公司储能项目暂未涉及新能源汽车电池类。 (免责声明：分析内容来源于互联网，不构成投资建议，请投资者根据不同行情独立判断) 资金分析 今日主力净流入-154.53万，占比0.01%，行业排名84/196，连续3日被主力资金减仓；所属行业主力净流 入-10.09亿，连续3日被主力资金减仓。 区间今日近3日近5日近10日近20日主力净流入-154.53万-2122.24万-998.64万-1741.44万-6198.43万 主力持仓 主力没有控盘，筹码分布非常分散，主 ...

Core Viewpoint - The Chinese automotive industry is entering a critical window period during the "15th Five-Year Plan," focusing on high-quality development, technological self-reliance, and the integration of development and safety [2][4][11]. Group 1: Achievements and Future Outlook - The "14th Five-Year Plan" has led to significant advancements in the Chinese automotive industry, transitioning from a "follower" to a "runner" in electric and intelligent vehicle sectors [6][23]. - The upcoming "15th Five-Year Plan" aims to solidify China's position as a global automotive leader, emphasizing the need for innovation in materials, technology, and collaborative ecosystems [8][9][21]. Group 2: Industry Trends and Strategic Directions - The automotive industry is expected to undergo a rapid reshuffling, shifting from product competition to ecosystem competition, necessitating localized and cross-sector collaborations [8][9]. - Safety is highlighted as a fundamental requirement for the healthy and high-quality development of the automotive sector, with ongoing regulatory innovations to address emerging challenges [11][19]. Group 3: Globalization and International Cooperation - The "15th Five-Year Plan" presents opportunities for the Chinese automotive industry to deepen international cooperation, particularly in the electric vehicle market, where global penetration rates are still growing [17][19]. - Chinese automotive companies are encouraged to adopt a global perspective, leveraging their unique advantages in market scale, supply chain, and talent to lead in the next phase of global competition [21][24]. Group 4: Regional Development and Innovation - The Nansha District in Guangzhou is positioned as a new hub for advanced manufacturing in the automotive sector, particularly in smart and connected vehicles, benefiting from strategic policies and collaborative opportunities [13][14]. - The automotive industry is urged to focus on quality over quantity, emphasizing long-term strategies that align with national goals and foster sustainable growth [24].

Core Points - The strategic partnership between Geely Group and Renault Group was officially launched in Brazil, with an investment of 3.8 billion reais (approximately 5.1 billion yuan) to promote the localization of new energy technology platforms and models in Brazil [1] - The collaboration aims to enhance local manufacturing, supply chain, sales, and service capabilities, fostering sustainable growth in the Brazilian and Latin American markets [1] - The Brazilian government plans to provide tax incentives for R&D and technological efficiency improvements for companies operating in Brazil [1] Company Insights - Geely's senior vice president emphasized that this new cooperation model will invigorate the Brazilian automotive industry and contribute to a low-emission ecosystem [1] - Renault's Chief Growth Officer stated that the partnership will focus on potential markets and integrate manufacturing capabilities and marketing networks to create competitive products [2] - Geely's CEO highlighted that this collaboration marks a significant milestone following previous joint ventures and aims to explore new markets and opportunities for mutual growth [2] Product Development - Geely EX5 and EX2 models have already been launched in Brazil through Renault's distribution network [2] - The investment plan includes local production of two new models based on Geely's GEA new energy architecture, set to be launched in the second half of 2026 [2] - A new Renault model will be updated in the second half of 2026, and a new technology platform will be developed by 2027, leading to the production of a new Renault model [2]

Core Viewpoint - The 19th Shenzhen International Financial Expo opened on November 19, highlighting the importance of financial institutions in supporting the real economy and helping investors share in economic development [1] Company Strategy - Dongfang Fund emphasizes serving the real economy and assisting investors in sharing the benefits of economic growth as its fundamental mission [1] - The company has strategically focused on sectors aligned with economic transformation and industrial upgrading, including innovative technology, new energy vehicles, artificial intelligence, and low-carbon economy [1] Product Offerings - Dongfang Fund has developed products such as green inclusive theme financial bond funds and pension target funds of funds (FOF) to cater to the diverse investment needs of different types of investors [1] - The aim is to guide capital towards key areas supported by national strategies, reflecting a commitment to deepening investment in specific segments of China's economic transformation and industrial upgrading [1]

| | 锂云母 | | | | | - 工业级碳酸锂-平均价 ■ 电池级恢酸锂一平均价 电俠-工俠价差 元/吨 T./ H+ | | --- | --- | --- | --- | --- | --- | --- | | | (Li20:1.5%-2.0%) | 1575 | | 85 | | | | | 锂云母 (Li20:2.0%-2.5%) | 2465 | | 125 | | 碳酸锂注册仓电(座) | | | 磷锂铝石 (Li20:6%-7%) | 8450 | | | | | | | 磷锂铝石 (Li20:7%-8%) | 9900 | | 75 | | | | | 正极材料 | 平均价 | | 涨跌 | | | | | 磷酸铁锂(动力型) | 37800 | | 300 | | | | | 三元材料811(多晶/动力型) | 160850 | | 200 | | | | | 三元材料523(单晶/动力型) | 142550 | | 350 | | | | | 三元材料613(单晶/动力型) | 142950 | | 300 | | | | | 名称 | 现值 | | 变化值 | | | | | 电 ...

A股市场上，盐湖提锂板块涨幅居前。截至发稿，金圆股份涨停，中电环保、盐湖股份、倍杰特、天齐 锂业、赣锋锂业、亿纬锂能等纷纷跟涨。 | 代码 | 名称 | 现价 | 涨跌 | 涨幅� | | --- | --- | --- | --- | --- | | 000546 | 金圆股份 | 7.60 | +0.69 | +9.99% | | 300172 | 中电环保 | 6.21 | +0.44 | +7.63% | | 000792 | 盐湖股份 | 27.79 | +1.44 | +5.46% | | 300774 | 倍杰特 | 17.28 | +0.90 | +5.37% | | 002466 | 大齐锂业 | 63.13 | +3.19 | +5.32% | | 300631 | 久吾高科 | 31.86 | +1.58 | +5.22% | | 000155 | 川能动力 | 13.86 | +0.67 | +5.08% | | 301092 | 争光股份 | 66'EE | +1.46 | +4.52% | | 002460 | 赣锋锂业 | 72.44 | +2.52 | +3.60% | | 6 ...

Group 1: Peru's Agricultural Exports - The U.S. government has exempted over 200 products from "reciprocal tariffs," with approximately 100 of these being Peruvian agricultural exports, including avocados, coffee, cocoa, mangoes, ginger, lemons, oranges, and natural juices [1][2] - In 2024, these products are expected to generate around $1.2 billion in exports to the U.S., accounting for 24% of Peru's total exports to the U.S. [1] - The exemption will allow nearly 50% of Peru's exports to the U.S. to benefit from tariff relief, enhancing competitive market access for Peruvian producers [2] Group 2: Japan's Long-term Bonds - Japan's long-term bonds have seen a significant decline due to increasing concerns over the country's fiscal situation, coinciding with expectations of an upcoming economic stimulus plan [3][4] - The yield on Japan's 20-year bonds has surged to its highest level since 1999, with the 30-year and 40-year bond yields also rising [4] - Investors are cautious about the scale of the government's economic stimulus plan, which may lead to increased bond issuance and potential market stability risks [5] Group 3: Southeast Asia's Economic Slowdown - Four out of six major Southeast Asian economies reported a slowdown in GDP growth for the third quarter, primarily due to weak manufacturing output and low household consumption [6][7] - Thailand's GDP growth fell to 1.2% year-on-year, the lowest in nearly four years, with manufacturing output declining for the first time in six quarters [6][7] - Other countries like Singapore, the Philippines, and Indonesia also experienced varying degrees of GDP growth slowdown, with Indonesia's growth at 5.04% and the Philippines at 4.0% [8][9] Group 4: Global Hunger Crisis - The United Nations World Food Programme has warned of an escalating global hunger crisis due to significant cuts in humanitarian aid funding, with an estimated 318 million people facing severe hunger in 2024 [11][12] - The WFP plans to assist only about 110 million of the most vulnerable populations in 2026, with a budget of $13 billion, although actual funding is expected to be only half of this amount [13] - The WFP has called for increased support from governments and donors to effectively address hunger and achieve the "zero hunger" goal [17][18] Group 5: Taiwan's AI Investment - Taiwan is advancing a plan to invest approximately NT$100 billion (around $3.2 billion) to develop its AI industry, aiming to establish itself as an "AI island" [19][20] - The investment will focus on ten key AI projects, with a goal to create NT$7 trillion in added value by 2028 and NT$15 trillion by 2040 [20][21] - Key technologies targeted for enhancement include silicon photonics, quantum computing, and AI robotics, with plans to establish dedicated research centers [22] Group 6: Google's Investment in Texas - Google announced a $40 billion investment in Texas by 2027 to build new cloud and AI infrastructure, which will create thousands of jobs and support community energy efficiency programs [24] - The investment includes the establishment of new data center parks in Armstrong County and Haskell County, with a commitment to responsibly expand infrastructure [24] Group 7: Strategic Partnerships in AI - Microsoft, NVIDIA, and Anthropic have formed a strategic partnership involving a $15 billion investment and a $30 billion order for computing resources, significantly expanding the accessibility of Anthropic's AI models [25][26] - This collaboration will optimize Anthropic's models for performance and efficiency, with a focus on deploying them across major cloud services [27][28] Group 8: Automotive Industry Developments - BYD plans to double its sales network in Europe by the end of 2025, aiming for 1,000 sales points as part of its strategy to expand in the European market [65][66] - Geely and Renault have launched a joint venture in Brazil, investing 3.8 billion reais (approximately 5.1 billion yuan) to localize new energy vehicle production [69][70] - BMW is accelerating the localization of its intelligent driving technology in China, with plans to launch a new generation of smart driving assistance systems in 2026 [71][72]

Core Points - Ford's new electric SUV, the Mustang Mach-E, has officially started pre-sales with a price range of 229,800 to 282,800 yuan, offering six launch benefits [1][4] - The vehicle will be showcased at the Guangzhou Auto Show and is designed to meet the needs of Chinese consumers [6] Pricing and Variants - The extended range version is priced at 229,800 yuan for the Yuanwan version and 282,800 yuan for the Long Beach version [4] - The pure electric version is priced at 249,800 yuan for the Mo Zuan version and 272,800 yuan for the Long Beach version [4] Specifications - The Mustang Mach-E measures 5025mm in length, 1960mm in width, and 1815mm in height, with a wheelbase of 2950mm [6] - The extended range model features a 43.7kWh battery with a comprehensive range of 1220km (CLTC), while the pure electric model has a 105.4kWh battery with a range of 650km (CLTC) [10][27] Technology and Features - The vehicle is equipped with a 70-inch AR-HUD for real-time navigation and a dual-core AI-GPT model for efficient responses [12][21] - It includes a 15.6-inch 2.5K central control screen, a 7.5L refrigerator, and a high-end audio system with 21 speakers and a 1000W amplifier [21][18] Safety and Design - The vehicle features a robust design with a strong battery protection system and ten airbags for comprehensive safety [32][34] - It includes advanced off-road capabilities with a mechanical differential lock and a transparent chassis for better visibility in complex terrains [30][15]

Core Insights - Geely Holding Group and Renault Group have officially launched their joint venture, Renault Geely do Brasil, marking the start of their strategic cooperation in the Latin American market for new energy vehicles [1][2] - The joint venture plans to invest 3.8 billion Brazilian Reais (approximately 5.1 billion RMB) to focus on localizing new energy technology platforms and models in Brazil [1] - This investment aims to significantly enhance the capacity utilization of the Elton Sena Industrial Park and serves as a key initiative for Geely to accelerate its expansion in the Latin American new energy market [1] Investment and Product Development - The joint venture will implement a phased approach to product launch and technology deployment, with plans to localize production of two new models based on Geely's GEA new energy architecture, expected to be launched in the second half of 2026 [2] - For long-term development, the joint venture will create a new energy technology platform, with Renault brand new models projected to start production in 2027, further enriching the local new energy product matrix [2] - The collaboration will leverage existing resources, utilizing Renault's Brazilian factory for rapid production and its established distribution network to enhance market penetration [2] Strategic Collaboration - This joint venture represents a significant extension of the global strategic cooperation between Geely and Renault, following their previous projects in South Korea and the establishment of the global powertrain company HORSE Powertrain [2] - The partnership aims to create a global cooperation framework characterized by "technology sharing, capacity complementarity, and joint market expansion" [2] - Geely's CEO emphasized the importance of this collaboration as a milestone in their strategic partnership, aiming to explore new markets and opportunities while delivering high-quality products and services to global consumers [3]

Report Summary 1. Report Industry Investment Rating There is no information about the report industry investment rating in the provided content. 2. Core Viewpoints The report provides a daily tracking of various ETFs, categorized into "Broad - based" and "Industry Theme" ETFs. It presents multiple data for each ETF, including trading volume, price changes, RSI, net purchases, and institutional holding ratios, aiming to offer investors a comprehensive understanding of the ETF market [2][4][6]. 3. Summary by Categories Broad - based ETFs - **Multiple Index - tracking ETFs**: There are ETFs tracking various mainstream broad - based indices such as CSI 300, CSI 500, SSE 50, CSI 800, CSI 1000, CSI 2000, CSI A50, CSI A100, CSI A500, SSE STAR 50, SSE STAR 100, ChiNext, and various overseas broad - based indices. For example, the Huatai - Peregrine CSI 300 ETF has a market capitalization of 420.187 billion yuan and a decline of 0.57%. The Huaxia SSE STAR 50 ETF has a market capitalization of 722.26 billion yuan and an increase of 0.35% [4]. - **Performance Differentiation**: Different ETFs show different performance in terms of price changes, net purchases, and institutional holding ratios. For instance, the net purchase of the E Fund ChiNext ETF is 1.028 billion yuan, while the net purchase of the Huaxia SSE 50 ETF is - 4.00 billion yuan [4]. Industry Theme ETFs - **Diverse Industry Themes**: Include consumer electronics, non - bank finance, banking, real estate, new energy, chips, semiconductors, and many other industries. For example, the Huaxia China Securities Consumer Electronics Theme ETF has a market capitalization of 277.8 million yuan and a decline of 0.38% [6]. - **Industry - specific Performance**: Each industry's ETFs also have different performance. In the new energy sector, the GF China Securities New Energy Vehicle Battery ETF has a large net outflow of 651 million yuan, while the Peng Hua SSE STAR New Energy ETF has a net inflow of 37 million yuan [6].